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Explainer-The Zaporizhzhia Nuclear Power Plant’s Shutdown
Date: September 12, 2022
By Francois Murphy VIENNA (Reuters) – The last operating reactor at the Russian-held Zaporizhzhia nuclear power plant in Ukraine has been put into what is known as a cold shutdown after an external power line was restored, making it possible to shut it down more safely. The lack of external power to Europe’s biggest nuclear...
Creating a “Fairness-Aware” Financial Crime Culture With Responsible AI-based Systems
Date: September 12, 2022
By Danny Butvinik, Chief Data Scientist, NICE Actimize Some of the newest, advanced technologies that are being launched often have their own specific issues that must be considered during adoption stages to successfully fight fraudsters without regulatory repercussions. In fraud detection, model fairness and data bias can occur when a system is more heavily weighted or...
Leveraging Compliance to Mitigate Risk in the Face of Accelerated Transformation
Date: September 12, 2022
By Jason Dess, Senior Managing Director, Global CFO and Enterprise Value Lead for Accenture and Samantha Regan, Managing Director, Strategy & Consulting, NA Risk and Compliance Lead, CFO & Enterprise Value for Accenture Over the past decade, growing uncertainty in our business landscape has reinforced the need for identification and management of risk to meet...
How Climate Intelligence Can Bridge the Banking Sector’s Climate Risk Knowledge Gap
Date: September 11, 2022
By Partha Bose, Head of Capital Markets at Cervest The financial sector is no stranger to risk. It’s founded on measuring, managing and correctly pricing it. But climate risk is presenting new challenges to doing just that. In a fast-changing regulatory and operational landscape, banks and lenders are for the first time ever, trying to...
Analysis-Europe’s Banks Dim Lights as They Brace for Winter Blackout
Date: September 7, 2022
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy. As Russia throttles gas supplies to the continent, banks are stress-testing how they...
Third-Party Cybersecurity: How Financial Service Organizations Can Mitigate Business Risk
Date: September 7, 2022
By Alastair Williams, VP, Solutions Engineering at Skybox Siloed approaches to risk identification mean that third-party risks are missed across complex financial institutions Today’s financial organizations are evolving and modernizing, with many large financial organizations relying on wide-ranging third-party environments with thousands of suppliers and vendors. According to Gartner, 71% of organizations report that their...